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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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US Treasury: Taxes On Digital Companies Are Discriminatory

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Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

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National Restaurant Association Framework Aims To Close Gap Between Restaurants And Aggregators

PYMNTS

Amid the commission caps, and amid the pandemic’s tailwind that has spurred a great digital shift toward food delivery through online channels – might eateries and aggregators be partnering to navigate a post-COVID future? The study found that 76.7 With data sharing, to boot. To that end, as reported on Wednesday (Dec. percent and 37.6

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Building Cities With Online Platforms And Opportunity Zones

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His conversation with Karen Webster took place after Citi Ventures added new features to the City Builder online platform — a digital offering launched at the end of last year that connects investors with “opportunity zones.”. Securities and Exchange Commission and other sources, including the National Council of State Housing Agencies.

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Startup Roundup: A Look At Local, National And Global Expansions

PYMNTS

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Ahead of its global expansion, Tipalti conducted a study to find out. Here’s all the latest news from startup-land this month.

National 101
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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. Only 6 percent bank with online banks, while 18 percent use community banks and 15 percent use credit unions.

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Union Budget 2020 Highlights

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To this end, the government proposed a slew of changes and incentives among which was a major tax rejig. The FM said that GST has integrated the economy and consolidated multiple taxes. Check out the latest Income Tax slabs for your reference: Income Tax Slabs 2020-21. Tax Changes. Income Tax Calculator 2020.

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